🏦Staking
Token Staking on Olefoot: Maximizing Your Rewards
In Olefoot, you have the opportunity to stake your tokens and receive OLEFOOT Tokens as a reward.
Staking in Olefoot
The Olefoot platform offers a structured staking system to incentivize users to contribute to the stability of the ecosystem. Here’s how it works:
Staking Pools
Staking OLEFT: Users can stake their OLEFT tokens to earn rewards in OLEFOOT Tokens.
Reward Distribution
Proportional Rewards: Rewards are distributed based on the number of staked tokens and the staking duration. The more tokens staked and the longer the duration, the greater the rewards.
Calculation and Distribution: Rewards are calculated daily and distributed periodically (e.g., weekly or monthly).
Early Withdrawal Penalty
Unstaking: Users can initiate unstaking at any time, but there is a waiting period (e.g., 7 days) before the tokens are released to prevent network instability.
Early Withdrawal Penalty: Withdrawals before 06 months incur a 15% penalty on the redeemed token value.
Additional Benefits
Voting Power: Staked tokens confer voting power in governance, allowing participation in important decisions.
Exclusive Access: Stakers may have access to exclusive features, events, or NFTs as additional incentives.
Staking Process (Step-by-step)
Pool Selection: Users choose the desired staking pool.
Stake Tokens: You can lock OLEFT tokens in the chosen pool.
Earn Rewards: Start earning rewards based on the amount and duration of the staked tokens.
Claim Rewards: Periodically claim staking rewards.
Unstake: Initiate unstaking when desired. Subject to lock-up periods, waiting times, and penalties.
By staking, you plant your tokens for a determined period and, in return, harvest OLEFOOT Tokens. This process promotes commitment and stability on the platform, ensuring long-term benefits for all participants and important valorization of OLEFT.
Therefore, Olefoot offers exciting ways to maximize the potential of OLEFOOT TOKEN inside our ecosystem.
Calculation and Distribution: Rewards are calculated daily and distributed periodically.
Period
Minimum of 12 months
Annual Yield
200- 400% APR
Yield/Withdrawal
Payment at the end of the period
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